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Stock Market Ended the Day With a Slight Decline

September 27, 20242 Mins Read

At Borsa Istanbul, the BIST 100 index closed the day at 9,829.19 points with a decrease of 0.62 percent. The index fell 61.81 points compared to the previous close, with a total trading volume of 88.4 billion Turkish lira. The banking index lost 0.70 percent, while the holding index decreased by 0.35 percent. Among the sectors, financial leasing and factoring gained the most with 2.72 percent, while the trade sector was the biggest loser with a decline of 2.62 percent. The Central Bank of the Republic of Turkey’s total reserves increased by 2.842 million dollars in the week ending September 20th, reaching 156.392 million dollars, hitting an all-time high. The U.S. economy grew by 3 percent in the second quarter of the year, meeting expectations. The number of initial jobless claims dropped to 218,000 in the week ending September 21st, below expectations. Global markets are showing a positive trend with data indicating the strength of the U.S. economy. Analysts note that tomorrow domestic trade balance and economic confidence index will be announced, while internationally, personal income and spending in the U.S., the University of Michigan Consumer Sentiment Index, economic confidence index in the Eurozone, industrial profits in China, and Tokyo CPI data in Japan will be closely monitored. From a technical standpoint, support levels for the BIST 100 index are seen at 9,800 and 9,700 points, while resistance levels are at 10,050 and 10,200 points.

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